Stelco Holdings Inc (TSE:STLC) Announces $0.10 Quarterly Dividend

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Stelco Holdings Inc (TSE:STLC) announced a quarterly dividend on Thursday, August 22nd, TickerTech reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.10 per share on Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Thursday, August 22nd.

STLC stock traded down C$0.24 during trading on Tuesday, reaching C$11.59. The company had a trading volume of 42,862 shares, compared to its average volume of 176,538. The firm has a 50-day simple moving average of C$14.18 and a 200-day simple moving average of C$15.85. The company has a market cap of $1.02 billion and a price-to-earnings ratio of 3.86. The company has a debt-to-equity ratio of 20.12, a quick ratio of 1.29 and a current ratio of 2.15. Stelco has a twelve month low of C$11.11 and a twelve month high of C$26.00.

A number of analysts recently commented on the stock. National Bank Financial lowered their target price on shares of Stelco from C$17.00 to C$15.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 10th. BMO Capital Markets lowered their target price on shares of Stelco from C$20.00 to C$18.00 in a research note on Thursday, June 27th. JPMorgan Chase & Co. lowered their target price on shares of Stelco from C$31.00 to C$29.00 in a research note on Friday, May 3rd. Finally, Goldman Sachs Group lowered their target price on shares of Stelco from C$18.00 to C$17.00 in a research note on Tuesday, June 4th.

Stelco Company Profile

Stelco Holdings Inc is Canada-based company and owner of one of the technologically advanced integrated steelmaking facilities in North America. The Company produce flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products as well as metallurgical coke. With gauge, crown, and shape control, as well as reliable uniformity of mechanical properties, The Company’s steel products are supplied to customers in the construction, automotive and energy industries across Canada and the United States, as well as to a variety of steel service centers, which are regional distributors of steel products.

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Dividend History for Stelco (TSE:STLC)

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